Govt drafts new recovery, reform plan for Myanmar economy

The government is drafting a new Myanmar Economic Recovery and Reform Plan (MERRP) after a recent review of the COVID – 19 Economic Relief Plan (CERP), which was rolled out on April 27, U Thaung Tun, Minister of Investment and Economic Relations, said at during webinar organised by AusCham Myanmar last week. “We know that […]

FEATUREDIndia, China Take Their Confrontation From Ladakh To Myanmar

With the India-China locking horns on the border, the neighbouring countries in the region could play a key role, and both New Delhi and Beijing are vying for their support. After Hypersonic Missile, Indian DRDO Tests Another ‘SMART’ Weapon China’s increasing clout in the region through its Belt and Road Initiative (BRI) is already reaping […]

Stronger kyat threatens exports, but presents import opportunities

Myanmar’s exports have come under pressure as a result of the weakening US dollar, which has made key exports such as rice more expensive in overseas markets, said U Soe Tun, a committee member of the Myanmar Rice Federation. While the weaker exchange rate has made prices more attractive to local farmers, falling demand from […]

The Role of Fake News in Politics, Stability and Elections

Legislation is being introduced across Southeast Asia to combat fake news in the name of preserving social harmony. In practice, however, it is too often used by long-sitting regimes as a tool to discredit political opponents ahead of critical events such as elections and referendums. As a result, democratic values like freedom of expression and […]

Rice price volatility in Myanmar must be addressed, says World Bank

The price of rice in Myanmar has increased by 41 percent between 2009 and 2013, a rate much higher than neighbouring competitors Thailand and Cambodia. This has led to a decrease in Burmese rice exports and food security at home, according to a recent report by the World Bank. “Price fluctuations are common in agricultural […]

Myanmar’s SMEs Uneasy Ahead of Asean Trade Zone

YANGON — Lamenting high domestic interest rates and Myanmar’s relative inexperience in the competitive global marketplace, small and medium enterprises (SMEs) in Myanmar are wary as 2015 approaches, when implementation of the regional Asean Economic Community (AEC) is expected to drop barriers to trade in Southeast Asia. The government and private sector have collaborated on […]